Common use of Effect on Restrictive Covenants Clause in Contracts

Effect on Restrictive Covenants. Upon the occurrence of a Change in Control, the one year period referenced in Paragraph 11.1 shall be revised automatically to equal the greater of one year or the period extending from the date of the termination of active employment to the third anniversary of the Change in Control.

Appears in 6 contracts

Samples: Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc)

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Effect on Restrictive Covenants. Upon the occurrence of a Change in Control, the one year period referenced in Paragraph 11.1 shall 15.1 will be revised automatically to equal the greater of one year or the period extending from the date of the termination of active employment to the third anniversary of the Change in Control.

Appears in 5 contracts

Samples: Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc)

Effect on Restrictive Covenants. Upon the occurrence of a Change in Control, the one year period referenced in Paragraph 11.1 paragraph 15.1 shall be revised automatically to equal the greater of one year or the period extending from the date of the termination of active employment to the third anniversary of the Change in Control.

Appears in 2 contracts

Samples: Employment Agreement (Susquehanna Bancshares Inc), Employment Agreement (Susquehanna Bancshares Inc)

Effect on Restrictive Covenants. Upon the occurrence of a Change in Control, the one two year period referenced in Paragraph 11.1 shall be revised automatically to equal the greater of one two year or the period extending from the date of the termination of active employment to the third fifth anniversary of the Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Susquehanna Bancshares Inc)

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Effect on Restrictive Covenants. Upon the occurrence of a Change in Control, the one two year period referenced in Paragraph 11.1 shall 15.1 will be revised automatically to equal the greater of one year two years or the period extending from the date of the termination of active employment to the third fifth anniversary of the Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Susquehanna Bancshares Inc)

Effect on Restrictive Covenants. Upon the occurrence of a Change in Control, the one two year period referenced in Paragraph 11.1 shall be revised automatically to equal the greater of one year two years or the period extending from the date of the termination of active employment to the third anniversary of the Change in Control.

Appears in 1 contract

Samples: Employment Agreement (Susquehanna Bancshares Inc)

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